Citizen Investment Trust (CIT) collects Rs 172 billion as of mid-June

Citizen Investment Trust (CIT) has collected Rs 172 billion as of mid-June this year. During this course, CIT has invested a total of over Rs 171 billion during this period.

The capital collection of this public financial organization and the volume of its transaction has increased. These details were shared in the 26th anniversary and the Annual General Meeting (AGM) of the CIT on Friday.

The AGM has approved a 9 per cent bonus share and 8.89 per cent cash dividend from its income from the fiscal year 2076/77 BS. Furthermore, it passed the report of the fiscal year 2076/77 BS as well as the report of the auditors containing details about income, loss and currency flow among others.

CIT executive director Raman Nepal shared that CIT would move ahead in an expanded form. ‘Citizen Pension Programme’ has been launched to expand CIT’s transaction and engage Nepali citizens in foreign employment and self-employment, informed Nepal.